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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (20681)	12/2/1998 2:13:00 PM
From: Suntzu	Read Replies (1) of 119973

USAI-what do you think?..Ticketmaster IPO price raised NEW YORK, Dec 2 (Reuters) - In a sign of strong demand for another Internet-related stock, the expected price range on Ticketmaster Online-Citysearch's initial public offering has been increased to $11-13 a share from an originally planned $8-10. Nationsbanc Montgomery Securites, the lead underwriter for the seven million share IPO, said the deal is scheduled to price Thursday night, with shares debuting on Nasdaq Friday. Ticketmaster-Citysearch's deal has been widely anticipated among IPO investors ever since the Ticketmaster Online affiliate of USA Networks Inc (Nasdaq:USAI - news) and CitySearch Inc announced merger plans this summer. The news of the merger came shortly before CitySearch, an online guide to arts, entertainment and events in various cities, was expected to go public. The companies said they would delay CitySearch's IPO plans, and go public later in the year as a combined company. Analysts said the new company holds extra appeal with investors because it is associated with Barry Diller, the home shopping mogul who is chairman of USA Networks. The combined company is also viewed as having an intriguing niche on the Internet, since it allows users to buy tickets to shows in the cities they research online, analysts said.

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